XAUUSD – Daily time frame

Price of gold have bounced off the 200EMA and we have a double bottom formation at the moment.

We may see Gold rise further next week and test highs of around the 1890 price level.

TO is also showing upcycle and we have TS showing uptrend in H4 and H1.

We will continue to observe price action of gold.


Ardy Ismail